Elevate - for business leaders
Friday, January 13, 2012 | Posted by: Grant Thornton
Categories:
Tax,
Thought Leadership
| Tags: tax,
VAT,
legislation,
tax relief,
corporate,
aircraft,
private jet,
jets,
aviation,
airline,
executive jet,
helicopters,
flying,
zero-rating,
seminar,
business jet
There has been much confusion since complex VAT rules on UK corporate aviation came into effect at the beginning of 2011. If your business is involved with the leasing, charter or operation of corporate aircraft, join our free seminar and you’ll be able to see through the clouds.
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Tuesday, November 22, 2011 | Posted by: Graham Brearley
Categories:
Business advice,
Economy,
Tax
| Tags: HMRC,
VAT,
exemptions,
Graham Brearley,
EU,
cash flow,
VAT advice,
VAT accounting,
VAT reclaim,
cash,
zero-rated,
returns
Being a prudent Yorkshireman, I was reviewing my personal finances the other day and noticed the considerable hike in energy prices. After deciding to make sure that the Brearley household is sufficiently insulated and draught-proofed, I got to thinking about why businesses don’t apply some similar financial safeguarding to ensure their hard-earned cash doesn’t escape through the cracks. For example…
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Wednesday, August 24, 2011 | Posted by: Graham Brearley
Categories:
Business advice,
Tax,
Thought Leadership
| Tags: tax,
HMRC,
income tax,
VAT,
NIC,
salary sacrifice,
childcare vouchers,
national insurance contributions,
National Insurance,
Cycle to Work,
AstraZeneca,
employee benefits,
VAT liability,
European Court,
vouchers,
ECJ
That’s the question employers will be weighing up following the recent AstraZeneca (AZ) case ruling that raises the possibility of substantial VAT liabilities on employee benefits, such as retail vouchers, meals and Cycle to Work Scheme (CWS) rentals. How will the balance of payments fall? Senior VAT Manager Graham Brearley reviews the issue and asks: ‘Is this the end for salary sacrifice arrangements?’
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Wednesday, March 16, 2011 | Posted by: Gary Woods
Categories:
Business advice,
Tax
| Tags: tax,
international,
VAT,
Gary Woods,
cross-border,
reduce,
trade,
EU,
exports,
goods,
valuation,
supply chain,
imports,
Customs,
tariff,
duty
With the possibility of high rates of Customs duty and the standard rate of VAT in EU countries around the 20% mark, it’s never been more important to ensure that you are importing and exporting goods in the most tax-efficient way. Here’s what you should be aware of and, perhaps, some unexpected ways to reduce your tax burden.
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Tuesday, March 15, 2011 | Posted by: Francesca Lagerberg
Categories:
Tax
| Tags: tax,
investment,
economy,
UK,
pensions,
VAT,
budget,
relief,
tax avoidance,
corporation tax,
deficit,
planning,
enterprise,
Office for Tax Simplification,
predictions,
GAAR,
Low Value Consignment Relief,
fuel duty,
enterprise, investment, UK, economy
What changes lie ahead for entrepreneurs and privately held businesses (PHBs) in George Osborne’s Budget next week? Francesca Lagerberg, Grant Thornton’s Head of Tax, makes a few predictions…
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Thursday, December 16, 2010 | Posted by: Gary Woods
Categories:
Business advice,
Tax
| Tags: tax,
property,
HMRC,
VAT,
advice,
investigation,
Gary Woods,
penalties,
trust,
guidance,
DIY,
incorrect,
leaflet,
legal,
public notice,
claim,
advisor,
manual,
reliable
Doctors are trustworthy, aren’t they? But what about the VAT man? There was a time when you could approach HM Revenue & Customs (HMRC) for help and guidance, and be reasonably assured that you could rely on what you were told. But the experience of some taxpayers suggests that there is now confusion about what can and cannot be relied upon, and you may now have to insist on your own written ruling if you are to be protected.
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Friday, August 20, 2010 | Posted by: Gary Woods
Categories:
Business advice,
Tax
| Tags: business,
tax,
VAT,
Gary Woods,
tax year,
suppliers,
expenditure,
reclaiming,
rise,
increase,
admin,
timing
“In the bleak midwinter, the VAT rate increase made moan…” Not quite the first line of the Rossetti poem, but the planned 2.5% increase in VAT from the beginning of next year will still bring a chill to both consumers and businesses. So what can be done to make New Year a little happier for both?
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Monday, June 28, 2010 | Posted by: Fiona Cullinan
Categories:
Economy,
Tax
| Tags: media,
property,
technology,
capital gains tax,
CGT,
VAT,
reaction,
George Osborne,
Budget,
public sector,
construction,
IR35,
local government,
capital investment,
bank levy,
Budget2010
Pain today, profit tomorrow? That seemed to be the overall aim of George Osborne’s first Budget. But find out what Grant Thornton’s experts really thought as we round up the partners’ responses on Budget changes and how they affect the construction, technology, property, media and other sectors…
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Wednesday, June 16, 2010 | Posted by: Fiona Cullinan
Categories:
Economy,
Tax
| Tags: tax planning,
capital gains tax,
CGT,
pensions,
VAT,
NIC,
budget,
tax avoidance,
corporation tax,
National Insurance Contribution
Should companies be preparing for the worst this Tuesday (22 June 2010)? Here’s what Francesca Lagerberg, Grant Thornton’s Head of Tax, thinks Chancellor George Osborne has in store in the emergency Budget…
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Tuesday, January 12, 2010 | Posted by: Francesca Lagerberg
Categories:
Business advice,
Tax
| Tags: VAT,
European Sales List,
2010 changes,
8th Directive,
reverse charge,
Member State,
European Union,
supply
A number of important changes to the European Union (EU) VAT system were introduced on 1 January 2010. If you are not already prepared for these changes, they should be moved to the top of your New Year’s resolutions!
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